15 Aug 2024
Core goods CPI plunged further into deflation territory in July ... -1.9% year/year
Source: Kevin Gordon, Bloomberg
15 Aug 2024
BREAKING: For those who were off the last 2 weeks, nothing happened: the $VIX is back to where it was on August 1...
Source: Stocktwits, Bloomberg
14 Aug 2024
"Dr Doom" Nouriel Rouvinsi is upbeat about the economy
Source: Fortune
12 Aug 2024
Market Is Punishing Negative EPS Surprises More Than Average for Q2
Source: Factset, Mike Z.
12 Aug 2024
This chart suggests that liquidity from the yen carrytrade has flowed into the Mag7
Source: Bloomberg, HolgerZ
9 Aug 2024
Berkshire Hathaway is now holding 25% of their Assets in Cash, the highest % since 2004.
Historical average cash position: 14%. $BRK.B Source: Charlie Bilello
8 Aug 2024
Interesting to see how the psychology of the market has been changing lately.
A few weeks ago, strong job reports had a negative effect on stocks. Now it is the other way round. Initial jobless claims reversed their uptrend and stocks seem quite happy with this. Why? Because there is actually a "growth" fear (instead of an "inflation" fear) which means that any decent economic report will be welcome by the market (and any bad one could push stocks lower).
8 Aug 2024
JPMorgan: 75% Of Global Carry Trades Have Been Unwound
(yesterday they said that the unwinding was only half completed...) Source: www.zerohedge.com
